Technical analysis EURGBP for 05.09.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.86000. The closest resistance is the level 0.86450

Key levels
- 0.87475, 0.86950, 0.86450, 0.86000, 0.85575, 0.85050
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.86450, with Take Profit of 0.86950 and Stop Loss of 0.86000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86000, with Take Profit of 0.85575 and Stop Loss of 0.86400